Worldcoin (WLD) Price Soars 19% Amidst Smart Money Exodus
Worldcoin (WLD) Price Surge: A Cautious Celebration
The Worldcoin (WLD) price experienced a remarkable 19% increase in the last 24 hours. This surge follows Donald Trump's announced $500 billion investment in AI infrastructure, rekindling interest in WLD and bringing it closer to a potential golden cross on its EMA lines—a bullish technical indicator.
This positive price action could potentially push WLD to test key resistance levels at $2.41 and $2.83, possibly even exceeding $3.16, a level unseen since December 2024. However, it's crucial to proceed with caution.
Smart Money Retreats to All-Time Lows
Despite the price increase, the number of smart wallets holding WLD has plummeted to an all-time low of 26. This is a stark contrast to the November 14th peak of 43 smart wallets holding a collective 183 million WLD. The significant concentration of holdings, with Multicoin Capital alone possessing approximately 94 million WLD, highlights a concerning shift in market dynamics.
This decline in smart money involvement suggests reduced confidence among large investors and could indicate a reallocation of funds toward other AI-related projects, such as VIRTUAL, TAO, and RENDER, or alternative ecosystems like Solana. Monitoring smart money is essential, as these large holders often significantly impact market trends.
Source: Nansen
BBTrend Shows Mixed Signals
Worldcoin's BBTrend currently sits at 1.8, its highest point in three days. While this indicates positive momentum, it remains considerably lower than last week's peak of 6.5, suggesting the bullish trend may be weakening.
Source: TradingView
The subdued BBTrend, coupled with the decline in smart money, paints a picture of a cautious market. Sustained upward momentum is needed for WLD to revisit previous highs.
WLD Price Prediction: A Balancing Act
The recent price surge, fueled by the Trump administration's AI investment, which involves Sam Altman (co-founder of OpenAI and Worldcoin), has pushed WLD towards a potential golden cross. This could lead to further price increases, potentially reaching $2.41, $2.83, and even $3.16.
Source: TradingView
However, the weakening BBTrend and the significant reduction in smart money holdings suggest the rally may be unsustainable. A decline could see WLD retest support levels at $2.11 and $2.01, potentially even dropping to $1.83 if the bearish pressure intensifies.
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